Multi-Use Automotive and Office
727-731 Main Street Owosso, MI 48867
727-731 Main Street, Owosso, MI, 48867
$900,000
For Sale
$900,000
COMMERCIAL - Owosso, MI
Property Size4,634 SF
Lot Size0.72 Acres
Price / SF$194.22
Days on Market88
Property Features for 727-731 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 050-660-018-014-00
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8667
Utilities
- Water source
- Public
Building Details
- Year built
- 1959
Listing Agency
Richard Selleck Agency
(989) 725-2188
313 N WASHINGTON ST, Owosso, MI
Listed by
Mike Selleck · License #650210427
(989) 725-2188
Added: Apr 23 Checked: Jul 19 at 9:06 pm
MLS# 50205142
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale includes three parcels totaling 0.72 acres at 727-731 Main Street. The property features multiple multi-use buildings, with 731 W. Main St. operating as auto repair and auto sales space totaling 2,522 sq. ft. Also included is 737 W. Main St., which provides office area totaling 2,112 sq. ft., along with a two-bedroom rental unit located upstairs. A vacant lot east of 731 W. Main St. is included as part of the offering.
All parcels are listed together for tax purposes, and the addresses are 727 W. Main (050-660-018-012-00), 731 W. Main (050-660-018-014-00), and 737 W. Main (050-660-018-017-00). The properties are along M-21.
For tenants, buyers, or operators seeking flexibility, the mix of automotive-related space, office use, and residential rental above can support a range of business and occupancy strategies. Ample parking is available across the site, which can help support customer access and day-to-day operations for the automotive and office components.
All parcels are listed together for tax purposes, and the addresses are 727 W. Main (050-660-018-012-00), 731 W. Main (050-660-018-014-00), and 737 W. Main (050-660-018-017-00). The properties are along M-21.
For tenants, buyers, or operators seeking flexibility, the mix of automotive-related space, office use, and residential rental above can support a range of business and occupancy strategies. Ample parking is available across the site, which can help support customer access and day-to-day operations for the automotive and office components.
Key Highlights
- Multi‑use property on M‑21 with 3 parcels included: 727 W. Main St, 731 W. Main St, and 737 W. Main St.
- 731 W. Main St offers 2,522 SF currently used for auto repair and auto sales.
- 737 W. Main St includes 2,112 SF office space with a 2‑bedroom rental unit upstairs.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.7k | $15.48 |
| − Vacancy | −$3.0k | −$0.65 |
| EGI | $68.7k | $14.83 |
| − OpEx | −$20.6k | −$4.45 |
| NOI | $48.1k | $10.38 |
4,634 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$687.2K
$601.3K – $801.8K
NOI $48,105 @ 7.0% cap · market cap 5.35%
Second Best
Office B
$660.8K
$578.2K – $770.9K
NOI $46,253 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$883.5K
$773.1K – $1.03M
NOI $61,844 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Gaffner Towing & Recovery — 1225 W Stewart St, Owosso, MI 48867
- Sound Off Customs — 718 S Chipman St b, Owosso, MI 48867
- Frolka Auto Services — 802 S Shiawassee St, Owosso, MI 48867
- Stewart Street Auto & Tire — 1225 W Stewart St, Owosso, MI 48867
- Back Country Motorsports — 605 S Washington St, Owosso, MI 48867
FAQs
What type of property is this?
Auto shop - Three parcels with automotive use, office space, and a rental unit above, plus ample parking.
Where is this auto shop located?
The property is located at 727-731 Main Street Owosso, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Multi‑use property on M‑21 with 3 parcels included: 727 W. Main St, 731 W. Main St, and 737 W. Main St.; 731 W. Main St offers 2,522 SF currently used for auto repair and auto sales.; 737 W. Main St includes 2,112 SF office space with a 2‑bedroom rental unit upstairs.
